New Horizon Ministries

Analysis

New Horizon Ministries is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in February 1990, 36 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, New Horizon Ministries reported income of $1.0m and spending of $973k, spending 94% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $539k to $1.0m (+92%), an average of +24% a year. The sharpest change came in the year to September 2022, when income rose by 188%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Horizon Ministries sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within MS. Charities of a similar size with the same main cause include Business Education Fund ($1.0m), United Way of Orange County Inc ($1.0m) and United Way of Hunterdon County ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $46k (4.8% of expenses). Other salaries and wages came to $184k. At year end it held assets of $4.7m against liabilities of $16k, net assets of $4.7m. It reported 22 employees.